Investment Property in Costa Rica
Costa Rica is bordered by Nicaragua, Panama and both the Pacific Ocean and the Caribbean Sea, all of which hint at the sheer inherent allure of the place and its surroundings. Costa Rica sees South Americas’ highest visitation figures, attracting visitors to its many rivers, volcanoes, tropical flora filled forests, worlds highest species density and its incredible overall biodiversity.
Costa Rican Property
Costa Rican real estate holds advantageous property laws which are the same for both natives and foreigners alike. Non-residential ownership rights and zero property tax are attractive reasons to invest, along with the wealth of property found there. So whether you’re looking for an apartment flat or villa in Costa Rica, investors will surely find something right for them. It’s commonly thought that property in San Jose commands the highest property value, though the highland region of La Garita which it’s said has the world’s most perfect climate, boasts price tags twice as high of those found in the capital.
Provinces of Costa Rica
Alajuela, Cartago, Guanacaste, Heredia, Limón, Puntarenas and San José (not to be mistaken with the capital city of the same name) are the 7 provinces which form Costa Rica. These provinces are further divided into 81 mayoral cantons. Last year Costa Rica welcomed just fewer than 2 million people to its breathtaking lands.
Costa Rican Investment Opportunities
San Jose houses can boast 12% yields whereas apartments are closer to half that, though coastal locations can command yields of 6% – 15%. Along with Costa Rica’s stable and secure infrastructure to attract investors, there’s also the fact that Costa Rica is one of the most prosperous and least corrupt Latin American countries. To date it’s remained largely unrecognised in the overseas property arena and is a promising emerging market to say the least.
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